SeaSafe Marine Wins Höegh Contract
SeaSafe Marine has signed a sole service supplier agreement with Höegh-Wallem Ship Management Inc. to provide services and spares for the lifeboat systems on their fleet’s 38 vessels. "The tender process for this appointment was very competitive but we were able to offer assurances on service delivery and scope of benefits and that we will provide Höegh with the proactive support that they require,” Andrew said.
Genco Shipping & Trading Announces Fleet Renewal Program
International seaborne drybulk transportation services Genco Shipping & Trading plans to undergo a fleet optimization and renewal plan aimed at modernizing its fleet. As part of this plan, the Company has decided to dispose a total of 15 vessels in its fleet at times and on terms to be determined in the future including vessels it had already decided to dispose of. The plan includes eight Supramax vessels, one Handymax vessel and all of its vessels built in 1999 or earlier.
MOL Unveils Restructuring
Japanese shipping major Mitsui O.S.K. Lines (MOL) plans to undertake a number of changes as part of an organizational restructuring, effective April 1, 2018. MOL said it will establish a liner business management division to “fulfil its management role as one of the major investors in Ocean Network Express (ONE), into which the liner division is being integrated”. The Japanese giant will split tanker operations and a chief financial officer (CFO) appointed for the first time.
Hyundai Merchant Marine Starts Independent Asia-North Europe Service
South Korea's Hyundai Merchant Marine (HMM) announced that it launches new Asia-North Europe Express (AEX) service in April. HMM opens a new Asia-North Europe loop in accordance with the increased demand for Express Service. AEX is an independent service operated by HMM outside of the strategic cooperation with 2M. In the meantime, HMM has utilized 2M’s vessel space in Europe trade. Last year, HMM’s handling volume dramatically increased to 4.03 million teu…
Golar LNG Partners Updates on Acquisitions
Golar LNG Partners announced that it had entered into an agreement to acquire an equity interest in FLNG Hilli Episeyo last year. Equivalent to 50% of the two contracted liquefaction trains, out of a total of four, the common units also include a 5% stake in any future incremental earnings generated by the currently uncontracted expansion capacity but do not include exposure to the oil linked component of Hilli's tolling fee. FLNG Hilli Episeyo arrived in Cameroon in late November.
Team Tankers Buys Two Tanker Carriers
Team Tankers International announced that it has entered into share purchase agreements to acquire all outstanding shares in each of Laurin Shipping and Anglo-Atlantic Steamship Company. In combination with associated ship purchases, the total estimated enterprise value of the series of transactions is approximately $206 million. Upon completion of the transactions, Team Tankers will grow its fleet from 37 to 52 vessels.
Silver Lining for VLGC Shipowners: Drewry
A slowdown in fleet growth should begin the recovery cycle from the second half of 2018, although freight rates will not reach the levels seen during the bull run of 2014-15, according to the latest edition of the LPG Forecaster published by global shipping consultancy Drewry. 2017 was one of the toughest years in the history for VLGC shipping as ample vessel supply squeezed the freight market. VLGC earnings in the spot market (on the benchmark AG-Japan route) averaged $12…
OSM Looks to Boost Mozambique Maritime Education
OSM Maritime Group says it is aiming to make the shipping industry accessible to all as part of its involvement in the UN Global Compact (UNGC) initiative. The ship management company,has signed a MOU to re-launch the Mozambican Higher School of Nautical Sciences. It is also actively working to increase the number of females in its global pool of 11,000 qualified seafarers. OSM is one of the first companies in the ship management segment to join the UNGC.
BUG-O Names Director, Sales and Marketing
Scott Thayer has joined BUG-O Products as Director of Sales and Marketing on February 26, 2018. Scott brings with him nearly 30 years of experience in the welding industry and has a strong knowledge of BUG-O products. In addition to his sales experience, he is a Certified Welding Inspector as well as a Certified Welding Educator.
Hendry Marine Adds New Drydock
Hendry Marine Industries, Inc. (HMI) (along with its affiliated companies Gulf Marine Repair Corporation, Universal Environmental Solutions, LLC, and Anchor Sandblasting and Coatings, LLC) offers a broad range of maritime services in Port Tampa Bay, including commercial and government ship repair, steel fabrication, gas-freeing, tank cleaning, slop services, lead and asbestos abatement, brokered waste and blasting and coating.
Tech File: Fuel Monitoring Matters
Whether you choose distillates, liquefied natural gas (LNG) or scrubbers to meet the new International Maritime Organization (IMO) fuel regulations in 2020, it will be ever more critical to regularly monitor the condition of vital equipment to ensure there is no adverse affect on operational efficiency. Industry opinion ahead of the implementation of the 2020 global sulphur cap remains fragmented to say the least.
Demanding Times for DSC Dredge
The dynamic dredge builder navigates a complicated dredge building market by augmenting an impressive array of standard equipment with a customized approach that satisfies domestic and international customers alike. It isn’t as easy as it looks. The New Year typically brings new challenges to all sectors of the waterfront and 2018 will be no different. As the newly expanded and improved Panama and Suez Canals bring larger, so-called post-Panamax vessels to U.S.
OSVDPA Announces MSC Approval of OSVDPA Credentials
U.S. Navy’s Sealift Body Accepting OSVDPA DPO Certificates. The Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA) announced the U.S. Navy’s Military Sealift Command (MSC) is accepting OSVDPA DPO Certificates for mariners seeking employment by MSC. Dynamically positioned vessels are a growing part of MSC’s fleet and operations and are being utilized at a higher rate in recent years in an effort to conduct operations…
SKY Perfect JSAT to Invest $4.5 Mln in KVH
KVH Industries, Inc., announced today that its longtime satellite capacity partner SKY Perfect JSAT Corporation (SJC) has agreed to invest $4.5 million in KVH as part of the two companies’ ongoing commitment to deliver next-generation maritime broadband services. KVH and SJC intend to collaborate on value-added services in the area of shipping digitalization and improved broadband access at sea. SJC…
Baltic Index Edges Up to One-month High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, crept higher on Wednesday to hit a one-month high, supported by stronger demand for smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 4 points, or 0.34 percent, at 1,192 points, a peak since Jan. 29. It gained about 3.5 percent in February and notched the first gain in three months.
Sotzing Joins Sea Machines as Engineering Director
Boston-based developer of autonomous vessel technology Sea Machines Robotics has hired Chris Sotzing as director of engineering. Sotzing will be responsible for the development and deployment of the company’s Sea Machines 300 technology system, as well as managing the engineering team. He reports to COO Jim Daly from the Boston office. Sotzing joins Sea Machines from SeeByte, where he served as an engineering manager supporting unmanned vehicle technologies in Boston.
In 1951, under the leadership of Capt. Fred’s son, Morton S. Bouchard Sr., (A.K.A. “Buster” Bouchard), the company builds three 20,000 barrel oil barges and three accompanying tugboats, which ran the New York State Barge Canal. The construction of these vessels would then, in the years that followed, lead to Buster’s position as a prominent figure within the oil transportation industry. The July 2018…
4G Connect: Internet Afloat for Commercial Users
Now available in most coastal areas, 4G LTE cellular connectivity provides a very effective, low cost and fast solution for internet connectivity while in port or coastal waters when users want fast access for entertainment and browsing. Digital Yacht said its new 4G Connect solution is geared for workboat, ferry and utility users as well as commercial ships, is simple to fit and can offer ranges of up to 20NM offshore with super-fast connect speeds.
HMC, JF Moore to Form Joint Venture
Dutch firm HMC and U.S. based JF Moore group announced the establishment of a joint venture under the name JFMooreHMC, enabling both organizations to broaden exploration…
Bureau Veritas Launches Worldwide E-certification
Bureau Veritas said it is now issuing both classification and statutory e-certificates after having successfully piloted the program with ship owners and flag states. Bureau Veritas digital certificates may now be issued on behalf of 52 flag states, representing 72 percent of the Bureau Veritas classed fleet. “With a significant number of flag states providing their support to this project we now expect to see the rapid development of e-certification.